Technology News, Search Engine

Technology News & Search Engine

Technology News and Search Engine - Computers and Software,
Internet, Personal and Enterprise Technogy News. Website Builder.
Press release distribution service
Home | Technology News Search Engine:                                     

Home: Technology News:

Lancets Market Growing at a CAGR of 12.4% – Industry-Specific Challenges and Trends Affecting the Growth

(IT-NEWSWIRE.COM, December 01, 2021 ) MarketsandMarkets Research Report’s View on Revenue Impact?

The Lancets Market is projected to reach USD 1,442 million by 2024 from USD 804 million in 2019, at a CAGR of 12.4%

Factors Responsible for Growth and In-Depth Analysis?

The Growth in the lancets and lancing devices market is mainly driven by the growing prevalence of diabetes and the high prevalence of infectious diseases across the globe. In addition, emerging markets such as India and China are expected to offer growth opportunities for players operating in the lancets market during the forecast period. However, the risk of needlestick injuries, the reuse of lancets, and the poor reimbursement scenario in developing countries are restricting the growth of this market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=86063487

Leading Key Players and Analysis:

Prominent players in the lancets market are Becton, Dickinson and Company (US), Roche Diagnostics (Switzerland), Ypsomed (Switzerland), B. Braun Melsungen (Germany), Terumo Corporation (Japan), Own Mumford (UK), HTL-STREFA S.A (Poland), ARKRAY (Japan), Sarstedt (Germany), and SteriLance Medical (Suzhou) (China).

Roche Diagnostics (Switzerland) was the leading player in the global lancets market in 2018. The company develops and manufactures equipment and reagents used for research and medical diagnostic applications. It offers lancets to various end users including physicians, hospitals, clinics, academic institutes, and for personal use through its Diabetes Care segment. Roche diagnostics invests a significant amount of its revenue in R&D activities to increase its presence in the market. For instance, in 2016, the company invested USD 1.36 billion in diagnostic research and development, which has been increased to USD 1.76 billion in 2018.

Geographical Analysis in Detailed?

Asia Pacific to dominate the lancets market during the forecast period

In 2018, North America dominated the lancing devices market, followed by Europe. Increasing prevalence of diabetes and favorable reimbursement scenario in the region are the factors propelling the growth of the market in the region.

The Asia Pacific region is projected to register the highest growth rate in the global lancets market during the forecast period. This is primarily attributed to the rapid economic growth, rising awareness about diabetes treatment, rising geriatric population in China and India, and Japan’s growing healthcare industry.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=86063487

Industry Segmentation:

Safety Lancet is expected to be the most widely used type of the lancets market

The safety lancets accounted for the largest market share in 2018. This is primarily be attributed to the advantages associated with safety lancets such as their ease of use, the capability to prevent needlestick injuries and cross-contamination, and painlessness of vein puncture. In line with this, According to PharmaJet, in the US, around 600,000 to 800,000 needlestick injuries are reported every year. This is expected to increase the demand of safety lancets.

Glucose testing segment is expected to account for the largest share of the lancets market.

The glucose testing segment accounted for the largest share of the lancing devices market, by application, in 2018. This is primarily due to the increasing prevalence of diabetes, and the need for its prevention and management. For instance, according to the International Diabetes Federation (IDF), in 2017, there were almost 425 million people suffering from diabetes worldwide, and this figure is expected to increase to 629 million by 2045. The growing prevalence of diabetes has resulted in the increased adoption of lancets to effectively handle the growing patient pool.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=86063487

MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com


Sponsored Links

EmailWire Business Directory
EmailWire Business Directory about Legal, Stocks, Investment, Markets, Stocks


Submit website to Business Directory

Listen to GroupWeb Radio

Technology News Headlines
  • Computer Security
  • Digital Music
  • Digital Video/TV
  • Enterprise
  • Linux/Open Source
  • Microsoft
  • Mobil Phones
  • Internet
  • Personal Technology
  • Portals & Search Engines
  • RSS and Blogging
  • Software
  • Technology News
  • GroupWeb Market Place
    Website Builder - Blog Builder
    Build your website in 5 minutes. One month free. No setup fee! Blog Included.
    WebSiteBuilder.GroupWeb.Com

    Your text Ads here!
    Ads are only $50 per month.Please contac us and state ou want to place advertisement on GroupWeb.com.

    Emailwire.com/contact.php

    Technology Business Video Feed

    More Technology Video Feeds
  • Computers
  • Computers & Software
  • Home Theater
  • Personal Technology
  • TechBiz
  • TechBytes
  • Technology Publications

    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Search Engine Optimization for E-commerce Sites: The Seven Most Common Pitfalls
    Website Magazine
    Business Activity Monitoring: Smart Decisions with Real-time Visibility

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    GroupWeb.com - a Technology News and Resource of GroupWeb Media LLC